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AI brief of an SEC Form 8-K · Burke & Herbert Financial Services Corp. (BHRB)

Burke & Herbert completes $100 million subordinated notes offering due 2036

Neutral Impact 3 of 5 financing Written later

Burke & Herbert Financial Services Corp. completed a $100 million public offering of 7.00% fixed-to-floating rate subordinated notes due October 1, 2036, with the offering priced at 100% of principal. The company plans to use the proceeds, plus cash on hand, to repay several existing subordinated notes and potentially redeem part of its 2021 Preferred Stock, and to provide capital to its bank subsidiary.

Key points

  • $100.0 million of 7.00% fixed-to-floating rate subordinated notes due October 1, 2036, sold at 100% of principal through Keefe, Bruyette & Woods, Inc.
  • Fixed 7.00% interest until October 1, 2031, then floating at Three-Month Term SOFR plus 222 basis points
  • Proceeds plus cash on hand earmarked to repay $4.5 million 2028 note, $18.1 million July 2030 notes and $20.0 million October 2030 notes, and potentially repay $75.0 million of 3.25% notes due 2031
  • Offering expected to close September 30, 2026; notes intended to qualify as Tier 2 capital

The filing

CompanyBurke & Herbert Financial Services Corp. (BHRB)
Form8-K, current report
Filed with the SECSep 30, 2026, 4:13 PM ET
Accession number0001104659-26-112339

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.